openPR Logo
Press release

Digital Lending Platform Market 2018-2024 By Top Vendors: Built Technologies, Agro, Newgen Software, Sigma Infosolutions, Fiserv, Nucleus Software, FIS Global, Roostify, HiEnd Systems, Finastra, Decimal Technologies

03-04-2019 01:33 PM CET | IT, New Media & Software

Press release from: Global Market Insights Inc.

Digital Lending Platform Market 2018-2024 By Top Vendors: Built

Various applications included in the digital lending platform market include credit unions, BFSI, insurance companies, P2P lenders, and retail banking. The P2P lenders application is projected to grow at the fastest rate as they offer a purely digital platform that matches a borrower with an individual or institutional lender, facilitating digital transactions. This platform plays a continuous central role in managing the relationship between the participating parties, supporting repayment & collection processes and easing the lending process.

Request for an in-depth table of contents for this report @
https://www.gminsights.com/request-toc/upcoming/3019

Digital Lending Platform Market size is predicted to witness exponential CAGR to 2024 due to the proliferation of smartphones and rapid digitalization. The digital lending platform implies a complete digital experience of loan initiation. The introduction of digital platforms for portfolio management and loan origination assists in meeting the needs of financial institutions and the demands of their client base. Furthermore, stringent government regulations for digital lending will affect the market demand.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Fiserv
• Nucleus Software
• Newgen Software
• Sigma Infosolutions
• CU Direct
• FIS Global
• Roostify
• HiEnd Systems
• Finastra
• Decimal Technologies
• Built Technologies
• Agro
• Rupeepower
• TurnKey Lender
• Docutech
• Tavant Technologies
• Temenos
• Pegasystems

The digital lending platform reduces overheads by around 40%, leading time savings, enhanced revenue, larger growth opportunities, and augmented borrower relationships, allowing lenders to spend time on engaging with clients in building a non-digital relationship and improving the overall business efficiency. The rising competition in the market has led to companies offering enhanced services for augmenting the customer experience to survive the competition, which also has a positive impact on the digital lending platform market.

The rise in the adoption of advanced technologies such as AI, cloud, and blockchain-based digital lending platforms displays huge growth opportunities for the digital lending platform market. The adoption of cloud-based technology enables re-defining loan processes, which are aimed at meeting customer expectations and requirements using digital lending technology. The cloud-based platform delivers simplified online lending processes as everything is managed through a secured online platform. The Blockchain technology regulates the lending and borrowing processes through algorithms, delivering enhanced security & authenticity and driving their usage in the digital lending platform market.

The major factors hindering market growth include a higher dependence on traditional lending methods and growing cybersecurity concerns among organizations. Furthermore, the lack of digital literacy, mainly in underdeveloped countries, also poses a barrier to the market growth. Hence, it is essential for customers to understand the advantages offered by this platform over the legacy lending methods, which include minimal documentation, no prepayment penalty, and easy & faster processing.
Various solutions covered under the component segment include loan origination, decision automation, loan servicing, portfolio management, loan management, risk and compliance management, and business process management. The decision automation segment is anticipated to grow at the fastest rate as it is essential for digital lending providers such as credit unions, supply chain lenders, and banks to automate their processes for lending or rejecting loan requests. This will assist officials in saving their time over redundant tasks thereby improving business productivity. The business process management solution accounts for the highest revenue in the digital lending platform market as it optimizes the business efficiency by appropriately managing the lending function with the aid of software and services.

Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/3019

The cloud-based deployment model is expected grow at the fastest rate in the digital lending platform market. The cloud-based platform supports the requirements of multiple lending verticals such as credit unions, banks, and other equipment leasing companies. This model consists of integrated modules, supporting various phases of the lone cycle and offering a differentiated customer experience.

North America rules the global digital lending platform market due to new innovations and the adoption of advanced technologies. Various banks operating in this region are adopting the advanced digital lending platform to improve their customer service experience. For instance, in October 2018, HSBC Bank U.S. partnered with Avant, Inc. to launch a digital lending platform. This platform will enable the company’s U.S. clients an easier and quicker solution to apply for personal online loans.

Browse Full Report: https://www.gminsights.com/industry-analysis/digital-lending-platform-market

Some of the major players operating in the digital lending platform market are Fiserv, Nucleus Software, Newgen Software, Sigma Infosolutions, CU Direct, FIS Global, Roostify, HiEnd Systems, Finastra, Decimal Technologies, Built Technologies, Agro, Rupeepower, TurnKey Lender, Docutech, Tavant Technologies, Temenos, and Pegasystems. These players are constantly entering into strategic partnerships and acquisitions with various financial institutions and banks for expanding their market presence and gaining a competitive edge.

Browse Related Report:
Membrane Bioreactor (MBR) Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Russia, UK, Germany, France, Italy, China, India, Japan, Indonesia, South Korea, South Africa, Brazil) Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024

https://www.marketwatch.com/press-release/membrane-bioreactor-mbr-market-2018-global-analysis-opportunities-and-forecast-to-2024-2018-11-20

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://solutionrocket.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Digital Lending Platform Market 2018-2024 By Top Vendors: Built Technologies, Agro, Newgen Software, Sigma Infosolutions, Fiserv, Nucleus Software, FIS Global, Roostify, HiEnd Systems, Finastra, Decimal Technologies here

News-ID: 1629949 • Views: 374

More Releases from Global Market Insights Inc.

Utility Terrain Vehicles (UTV) Market Revenue Opportunities, Key Players and Fut …
The exponential growth map of the global Utility Terrain Vehicles (UTV) Market can be aptly credited to the rising preference for a UTV in numerous in utility activities. In an effort to diversify their product offering, major UTV manufacturers are lately focusing on developing vehicles that can address different requirements from a varied array of application segments, including agriculture, construction & forestry, which serve to further propel the UTV Market
Battery Electric Vehicles Market Analysis 2019 - Trends Evolution, Revenue, Grow …
GMI, Inc. has announced the launch of battery electric vehicles market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry. Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/3181 Citing an
Fuel Cell Electric Vehicles Market 2019 in-Depth Analysis, Growth Dynamics, Emer …
The worldwide fuel cell electric vehicles market has been set upon a favorable progression path. To add to this, various governments across the globe have been undertaking comprehensive programs to bolster the utilization of zero-emission automobiles to contain the ever-rising levels of pollution. Apparently, all these aspects have eventually generated an unprecedented anticipation regarding the growth potential of the fuel cell electric vehicles (FCEV) industry which is forecast to surpass
Automotive Display Market Global Key Players, Trends, Share, Industry Size, Grow …
The automotive display market is expected to veer towards OLED panels in the coming years due to the freedom of design and flexibility that thin plastic substrates of OLED panels offer. It is also becoming the display material of choice as it has faster response speed, higher contrast ratio and wide-angle higher visibility when compared to LCD. Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/3192 The automotive display market is poised

All 5 Releases


More Releases for Technologies

Intense Technologies Ltd
Intense Technologies Ltd Intense Technologies Ltd ” – Company Profile & Financial Analysis” contains in depth information and data about the company and its operations. You will find information on the business structure, areas of operation, products and services offered by the company. It also comprises SWOT analysis, key ratios, historical financial data and insider’s view on financial stability and industrial ranking with financial forecasts for two- year period. This
iOPEX Technologies - Ad:Tech Conference
iOPEX Technologies will be exhibiting at the Ad:Tech Conference (Booth # 166) happening on November 1 – 2, 2017 at The Metropolitan Pavilion, New York. iOPEX Technologies will be showcasing its Media solutions that accelerates operations optimization and scale for marketing agencies, publishers, ad-techs and brands. Our solutions help bridge automation shortfalls by deploying the right mix of people, process and technology (proprietary tools & RPA) that allows the media
NCode Technologies, Inc.
Magento: Worlds most flexible and collaborative ecommerce platform Excerpt: Magento is a perfect platform for the web development of an E-commerce business. We are sharing how Magento helps to perform business with in a customized way. Summary: Here in this article you would come to know about the various features and functionalities of Magento which makes this a perfect platform for the development of an E-commerce business. The article also informs
Ultrafast Access Technologies
FTTH - G.fast - DOCSIS 3.1: what trade-offs between cost, performance and sustainability This report provides a state of the art of the different ultrafast Internet access networks available today: FTTH optical fibre networks; Upgraded cable networks with coax in the last mile, Copper twisted pair networks (phone lines). This state of the art allows for a comparison of the different technologies' technical performance, and to measure the pros and cons of
Tricen Technologies Moving & Expansion
Port Saint Lucie, FL, February 22, 2013 - Christopher Hale, CEO of Tricen Technologies (tricen.net), a nondestructive testing services company headquartered on the Treasure Coast, has announced that the company has moved into new facilities located at 1071 SW South Macedo Blvd, near the Florida Turnpike and Crosstown Parkway in Port Saint Lucie. “Tricen’s recent move to its new location provides us with the resources needed for the continuous expansion
Toys Personalized Decoration Technologies
“Water Printing” and “Digital Printing” have shown to be applicable for achieving the objective. Over the last two years AIJU has developed the Project Decoratoy, aimed at the study and applicability of diverse decoration techniques for the personalized decoration of three dimensional plastic pieces, mainly in the toy sector, carrying out decoration testing using several technologies. Those having showed great applicability are Water Printing, Digital Printing and Transference Films, among others. Water